Rederi AB Eckerö: Performance record on all routes, vessel sales completed and extensive loan amortisations

By | 2023 Newsletter week 34 | No Comments

Q2, 2023

  • 882,209 passengers travelled with the Eckerö Group’s ships, which was 22% more than in the same period last year (722,917)
  • The number of cargo units was 44,326, which was 7% more than in the same period last year (41,432)
  • Sales increased by 23% to EUR 62.8 million (EUR 50.9 million)
  • The operating result was EUR 11.9 million (EUR 1.0 million), which is the best second quarter operating result ever
  • The result for the financial period was EUR 6.9 million (EUR -0.2 million), which is the third best second quarter result ever
  • The sales of BIRKA STOCKHOLM and EXPORTER were completed in the second quarter and the Group has amortised EUR 46.0 million of its interest-bearing liabilities since the sale of the vessels. After these amortisations net liabilities amount to EUR 18.0 million and the equity ratio to 47.8% as of 30.6.2023.

H1, 2023

  • 1,416,387 passengers travelled with the Eckerö Group’s ships, which was 32% more than in the same period last year (1,075,514)
  • The number of cargo units was 86,763, which was 8% more than in the same period last year (80,561)
  • Sales increased by 28% to EUR 102.1 million (EUR 79.9 million)
  • The operating result was EUR 6.5 million (EUR -4.5 million), which is the best first half year operating result ever
  • The result for the financial period was EUR 1.3 million (EUR -4.2 million), which is the third best first half year result ever

Outlook

The third quarter has started with volumes in excess of pre-pandemic levels. The continued relatively high bunker prices, high inflation and volatile Swedish krona create continued uncertainty. Despite these uncertainties the company is expected to deliver a full year result on a level with the best years before the pandemic.